State Street Corp Has $198.76 Million Holdings in The Brink's Company (NYSE:BCO)

State Street Corp increased its stake in The Brink's Company (NYSE:BCO - Free Report) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,718,765 shares of the business services provider's stock after purchasing an additional 82,999 shares during the period. State Street Corp owned approximately 3.94% of Brink's worth $198,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BCO. LSV Asset Management raised its holdings in shares of Brink's by 15,919.2% in the second quarter. LSV Asset Management now owns 800,961 shares of the business services provider's stock valued at $82,018,000 after purchasing an additional 795,961 shares during the last quarter. Wasatch Advisors LP acquired a new stake in Brink's in the 3rd quarter valued at $59,308,000. Fiera Capital Corp bought a new stake in Brink's during the 3rd quarter worth about $27,460,000. Swedbank AB acquired a new position in shares of Brink's during the 2nd quarter worth about $7,700,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Brink's by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider's stock valued at $23,962,000 after acquiring an additional 63,000 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Truist Financial cut their price objective on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $120.50.

Insider Buying and Selling at Brink's

In other news, EVP James K. Parks sold 4,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now owns 11,103 shares of the company's stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company's stock.

Brink's Stock Performance

NYSE:BCO traded down $0.27 during mid-day trading on Friday, hitting $94.62. The stock had a trading volume of 162,125 shares, compared to its average volume of 262,203. The Brink's Company has a twelve month low of $79.03 and a twelve month high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 35.84 and a beta of 1.40. The company's 50 day simple moving average is $100.79 and its 200 day simple moving average is $103.62.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 earnings per share. On average, equities research analysts forecast that The Brink's Company will post 6.51 earnings per share for the current year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.03%. Brink's's dividend payout ratio is currently 36.74%.

About Brink's

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.